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Cooper Metals Limited (ASX:CPM)

ALERT: Price-sensitive ASX Announcement for CPM
Current share price for CPM : $0.077 0.014 (22.22%)+
Announcement
Release
24 Apr 2026 1:33PM
Price at Release
$0.063
Full Release
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Summary
The Quarterly Activities Report for Cooper Metals Limited, dated 24 April 2026, highlights significant developments in their exploration projects. The Ardmore North drill program is set to commence in Q2 2026 following regulatory approvals, despite initial delays due to wet season conditions. The company executed a binding asset swap agreement with AIC Mines Limited to acquire the Pyramid Gold Project in exchange for the Oorindi Project and shares. Cooper Metals also raised approximately $975,000 to support expanded exploration efforts. The company maintains low administration costs with cash reserves of $1.27 million at the end of the quarter. Additionally, Cooper Metals engaged Hamish Collins as a consultant to enhance their technical and project oversight capabilities.
Key Points
  • Ardmore North drill program to commence in Q2 2026.
  • Binding asset swap agreement with AIC Mines Limited.
  • Acquisition of Pyramid Gold Project.
  • Raised ~$975,000 for exploration expansion.
  • Cash reserves of $1.27 million at quarter end.
  • Engagement of Hamish Collins as a consultant.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.